LIVE VENTURES Inc
Key Highlights
- LIVE VENTURES Inc actively expanded its business through strategic acquisitions, including Flooring Liquidators on September 12, 2025.
- The company continued to integrate several acquisitions from the prior fiscal year, such as Carpet Remnant Outlet Inc, Midwest Grinding, Central Steel, Johnson Floor & Home, and Precision Metal Works Inc.
- LIVE VENTURES operates across diverse business segments: Retail Entertainment, Retail Flooring, Flooring Manufacturing, Steel Manufacturing, and Corporate and Other.
Financial Analysis
LIVE VENTURES Inc Annual Report - How They Did This Year
This past year, ending September 30, 2025, was quite active for LIVE VENTURES Inc, especially when it came to expanding its business through acquisitions.
Major Business Changes & Growth
LIVE VENTURES Inc has been busy acquiring several companies, focusing on expanding its reach and capabilities across different sectors.
- Flooring Liquidators: Right at the end of the fiscal year, on September 12, 2025, LIVE VENTURES acquired Flooring Liquidators. This move strengthens their position in the retail flooring market.
- Acquisitions from the previous year that continued to integrate: Several acquisitions made in the prior fiscal year (ending September 30, 2024) continued to be part of the company's operations throughout this year. These include:
- Carpet Remnant Outlet Inc (CRO Acquisition): Acquired in October 2023, this acquisition has been contributing to various segments, including Retail Entertainment, Retail Flooring, Flooring Manufacturing, and Steel Manufacturing.
- Midwest Grinding Acquisition: Acquired in June 2024, this brought in new assets like buildings, customer relationships, and trade names.
- Central Steel Acquisition (Central Steel Fabricators): Acquired in May 2024, adding trade names, customer relationships, and non-compete agreements. This acquisition also involved a sale-leaseback transaction for a property in Broadview, Illinois, and a lease agreement in Louisville.
- Johnson Floor & Home Acquisition: Acquired in November 2023, with locations in Tulsa, OK, and Joplin, MO. A portion of this acquisition was reclassified as a "disposal group not discontinued operations" in May 2024.
- Precision Metal Works Inc. (PMW) Acquisition: This acquisition also contributed to the company's operations throughout the year.
These acquisitions indicate a dynamic growth strategy, bringing new customers, brands, and operational capabilities into the LIVE VENTURES family.
What They Own (Assets)
The company holds a variety of assets essential for its operations:
- Property and Equipment: This includes land, buildings, transportation equipment, machinery, furniture, and office/computer equipment. These assets are expected to be useful for various periods, from 3 years for some equipment to 40 years for buildings.
- Intangible Assets: Beyond physical assets, LIVE VENTURES also values its intangible assets like customer relationships, trade names, internet domain names, computer software, and other similar assets. These are crucial for brand value and ongoing business.
How They're Funded (Debt & Ownership)
LIVE VENTURES uses a mix of debt and ownership (equity) to fund its operations and growth.
- Debt: They have various loans, including a revolving loan from Bank of America (which is secured and has an interest rate tied to the Federal Funds Rate), equipment loans, and other notes payable. They also have "seller notes" which are debts owed to previous owners of acquired companies.
- Ownership (Equity): The company's ownership structure includes common stock, preferred stock (specifically Series E Convertible Preferred Stock), additional money invested by owners, and retained earnings (profits kept in the business). They also hold some treasury stock (common and preferred), which means they've bought back some of their own shares.
Business Segments
LIVE VENTURES operates across several distinct business segments, showing a diversified portfolio:
- Retail Entertainment
- Retail Flooring
- Flooring Manufacturing
- Steel Manufacturing
- Corporate and Other
This diversification helps spread risk and tap into different market opportunities.
Overall Impression
LIVE VENTURES Inc is actively pursuing growth through strategic acquisitions. The company has a diverse set of assets and operates across multiple segments, indicating a broad business footprint. The recent acquisition of Flooring Liquidators at the close of the fiscal year suggests continued expansion plans.
Why This Matters
LIVE VENTURES Inc's 2025 10-K signals a clear, aggressive growth strategy centered on strategic acquisitions. The sheer volume of recent deals, including Flooring Liquidators and several from the prior year like Carpet Remnant Outlet and Central Steel, demonstrates a commitment to expanding market share and capabilities. For investors, this indicates a management team focused on scaling operations and potentially increasing revenue streams across multiple sectors. The diversification into Retail Entertainment, Retail Flooring, Flooring Manufacturing, and Steel Manufacturing also suggests an effort to mitigate risk by not relying on a single market.
Understanding the types of assets acquired (both tangible like property and equipment, and intangible like customer relationships) provides insight into the company's long-term value creation. The funding structure, involving a mix of debt (revolving loans, seller notes) and equity (common, preferred, retained earnings), is crucial for assessing financial leverage and stability. Investors should scrutinize the terms of these debts and the impact of integrating new businesses on profitability and cash flow. The continued integration of prior acquisitions, alongside new ones, suggests a complex but potentially rewarding path to sustained growth, making future earnings reports and operational updates critical for evaluating success.
What Usually Happens Next
Following this 10-K, investors should closely monitor how effectively LIVE VENTURES Inc integrates its numerous acquisitions, particularly Flooring Liquidators which closed at year-end. Key indicators to watch include revenue growth within the newly acquired segments, improvements in operational efficiencies, and any reported synergies. The company will need to demonstrate that these acquisitions are not just adding top-line revenue but also contributing positively to net income and cash flow. Future quarterly earnings calls (10-Qs) will be crucial for providing updates on the performance of these integrated entities and the overall financial health of the diversified segments.
Given the reliance on debt for funding acquisitions, investors should pay close attention to the company's debt management strategies, interest rate exposures (especially with the Bank of America revolving loan tied to the Federal Funds Rate), and any plans for deleveraging or refinancing. The presence of "seller notes" also implies ongoing obligations to previous owners. Furthermore, the aggressive acquisition strategy suggests that LIVE VENTURES Inc may continue to seek out new targets. Investors should watch for announcements of new deals, which could further expand its footprint but also introduce additional integration challenges and financial commitments. The market's reaction to these future developments will be a key indicator of investor confidence in the company's long-term growth trajectory.
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Document Information
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December 23, 2025 at 04:13 AM
This AI-generated analysis is for informational purposes only and does not constitute financial or investment advice. Always consult with qualified professionals and conduct your own research before making investment decisions.